Italy’s biggest bank triples staked Ether ETF holdings while cutting IBIT shares

Italy’s largest bank Intesa Sanpaolo increased its staked Ether ETF position to $7.1 million while reducing its holdings in two spot Bitcoin ETFs.

Intesa Sanpaolo, Italy’s largest banking group, tripled its position in an iShares staked Ether exchange-traded fund during the second quarter while reducing its position in the iShares spot Bitcoin ETF.

The bank reported holding 349,600 shares of the iShares Staked Ethereum Trust ETF (ETHB) worth $7.1 million as of June 30, according to Friday filing with the US Securities and Exchange Commission. That was up from 116,200 shares valued at $3.15 million at the end of March.

Intesa retained 3.47 million shares of the ARK 21Shares Bitcoin ETF (ARKB) worth $67.6 million, its largest crypto-linked holding in the filing. The share count was down about 4% from the first quarter.

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